Income Tax Act 2007(c. 3) - Explanatory Notes

Explanatory Notes

Income Tax Act 2007

2007 CHAPTER 3

20 March 2007

Commentary on Sections

Part 13: Tax avoidance

Overview

Chapter 2: Transfer of assets abroad

Overview

Section 719: Meaning of “associated operation”

2138. This section defines the term “associated operation”. It is based on section 742(1) of ICTA.

2139. This section includes a minor change in the law relating to the references to “assets” in section 742(1) of ICTA. See Change 110 in Annex 1.